CandleFocus Solana validator extracts $60M with MEV Sandwich Attacks in a month – Should you be worried?
2024-12-11
Author: Content Editor
Controversy surrounds Solana's decentralized finance (DeFi) as the crypto community discusses Maximum Extractable Value (MEV) tactics. A Solana validator is accused of extracting over $60 million from "sandwich attacks" in a month, using Solana's blockchain architecture to its advantage while harming users. The discussion gained traction after a core developer revealed three accounts linked to the validator that carry out the attacks. Proposed solutions involve whitelisting/blacklisting validators or using a Public mempool, but these options face criticism for their potential centralization. MEV sandwich attacks exploit transaction ordering to profit at the expense of regular users, harming fairness and increasing costs. Solana's architecture makes it conducive for such attacks, and data obscurity raises questions about the actual value of Solana. Traders, investors, and users are discussing potential solutions and alternatives with built-in MEV protection.
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